Tassal Profit Falls on Salmon Pricing, Costs
SEAFOODNEWS.COM [ Business Spectator] - February 11, 2016
Fish farmer Tassal says the integration of De Costi Seafoods is going swimmingly, despite the group's first half profit dropping 16.6 per cent.
Tassal acquired De Costi in July through a $50 million deal which saw the company expand its business from salmon to include other seafood.
Chief executive Mark Ryan said on Thursday a restructure of De Costi had focused on automating operations at its main processing plant in Sydney.
"There's a lot of automation that we're starting...
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